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... welcome to Opinion Journal why Mary Kissel ... the Eric holder is in Ferguson Missouri in the hopes of quelling protests ... after a police officer shot and killed a black teenager Michael Brown ... wonder Land Columnist Dan Henninger is here and ... izzit Richards has it helped ... Aunt Mary I think the quick answer is yes it did help ... me ... urban disturbances of this or obviously very dangerous situations um I think the authorities in Missouri especially Ferguson ... were having a difficult time bringing it under control and I think that the ... visit by the attorney general ... gave the feeling to the residents of Ferguson and the ... government was on the case ... and so they have begun to back off so the extent that it quieted ... the situation Ferguson I think with all our colleague James to ransom praise present a bomb on his statement to ... ALM do you think the ministrations has learned from its prior experience is this a ... train on Martin are the statistics ... well I think they'll understand that races is indeed a very divisive issue in United States and off but I'm not so sure we shall see I mean Eric holder has been no ... than taking up all up action against police departments all over the United States because he talks about racial disparities Timiraos and so forth ... and what exactly he's trying to accomplish or expects to accomplish is unclear Ferguson's this column for twenty one thousand people ... very small police force probably should be more diversified ... than it has been ... but with the federal government has a role there not is not clear it all to me and then you really dig into the problem in your column today it's up on the beest dot com the Wonderland com ... a new asked what was really at the root of these protests in you identify economic opportunity explain ... well I think what people in places like of Ferguson or any of the other inner cities in the United States were people are in deep or what they're looking for is a normal life and normal life ... really requires that the person now ... a full-time job ... would jumped out of me as I was trying to put some air Terril together this article is that ... into thousandnine the unemployment rate for young blacks in the United States was forty nine percent ... that's an astounding figure ... Aniston will top thirty five percent now that's at least twice the rate for young white Americans ... so ... if you look at the data what you see is that ... the black unemployment rate falls when the American economy is growing at a very strong rate ... as it did during the Reagan presidency it drop from the rate drop from nineteen percent who bought eleven ... and during Bill Clinton's presidency when the black unemployment rate fell below ten ok you see these false and black on finance and I feel like we keep seeing Ferguson's happened why is that ... well I think this is a lot of reasons for the Mareeba perhaps one of the biggest reasons is residue of ... what fireballs regarded as perhaps the most catastrophic social failure ... says the passage of the Civil Rights Act of nineteen sixty four ... and that was the steady decline of the public school system in United States ... Barack Obama himself he discussed this in the gory when in doubt my brother's keeper initiative ... Annie said you know starting after the third grade the reflected in the schools are educational attainment tapers off in their very far behind that ... of white kids going schools all the suburbs ... so the issue there is what can you do either to make those public schools better which we've been trying to do unsuccessfully for many many many years ... or find alternatives ... Mr Obama said that the initial was about finding what works in this area we now know what works and that as alternatives to the public schools ... charter schools such we have the New York City many other places ... or the voucher system which allows parents to take the money the money been spent on the public education ... and go to a school their choice of private school or a Catholic school ... those schools a proven to be able to educate kids ... so they can graduate from the eight or twelve Craig and get into the workforce so we know what works and I think if we transition ... to that system and away from the public system and I know it's a big deal to say we should ... throw publicist will decide what it is failing ... if you have an education ... then you can get the jobs of a growing economy will produce ... I think after that to happen was that this incident sleeper saying in places like Ferguson I certainly hope so Wonderland Columnist and Henninger ... thank so much for joining us ... the Fed are shaking out another big bank for money ... profits states ... welcome back to Opinion Journal I'm Mary Kissel ... invaded America today agreed to pay a while seventy two million dollars ... to settle allegations it fraudulently sold mortgage securities ... to sophisticated investors ... Hoover Institution senior fellow Stephen Haber joins me now Steve and ... probably understand here what exactly did Bank of America it do wrong if anything ... American heroes and what ... he wants to national Merrill Lynch ... into thousandeight in the midst of the financial crisis ... and to ... provide financial Merrill Lynch issued ... mortgage backed securities ... um mittens were ... sold to Fannie and Freddie up most individual investors ... and the ... only of the securities of lost ... lor then ... they told investors and the Bank of America is given to the Bank of America know that's um or or did they ... did they simply miss estimate ... the riskiness of the securities themselves ... or do we not now ... we you know I cannot say the Bank of America executives did or did not know that ... he was financial ... for Merrill Lynch ... he is ... doing ... and ... in your soul ... design ... my colleague Ross TV Berkeley ... that ... that these mortgage securities were being issued ... it is widely known that they were so low ... that you didn't have to deal with ... to note that the quality of the underlying mortgages with ... me ... this is all well ... in fact industry inherent to ... be the last ten million dollars of the Scoble settlement is going to the DOJ six states other government agencies ... you know who was really hard of hearing was and what to do with all this money ... I ... a lot of money to you and me and most Americans ... by the federal government for ... um ... there ... are no ... more ... this is really Americans but seven billion dollars the year of me ... so we're not talking ... about ... this is that this is political theater ... up for the Department of Justice ... thanks Stephen ... the Obama administration's war on for profit colleges ... we brought you the story of Corinthian earlier this year ... and my next guest says that the new regulation that is coming out ... with close even more of these for profit colleges ... Kaplan CEO Tom Leppert joins me now ... Thomas called the gainful employment will ... set me ... like so many ... dead titles in government has exactly the opposite ... is the hundred forty one page rigid regulations designed to address some of the challenges higher education ... but it lacks transparency it's unfair targeting of only a part of his dishes by higher education ... importantly will deny access to this team is the most needed ... so essentially top what is the government saying what it'll look at how your students do after graduation if we don't like what they're doing ... will punish you ... what is uncomplicated metrics they going to fall released an ... earnings postgraduation ... bud and Worsley like a lot of misguided policy it does exactly the opposite ... as I said the worst ways denied access to ... a large group of students who needed to get a tax the for profits known as core Colleges ... said another way that kept a tight type of of of institutions which cap and one ... and those are the institutions that serve nontraditional students for incomes ... have been out of the education system for awhile ... probably married with children ... at Kaplan those of the students we serve and ... we take pride in the fact that our graduation rate for those students is double what the industry ... so if the federal government looks it's a Kaplan students after they graduate to say in awe lot ... they've got soo much better they know they're not making enough money for us bureaucrats that to approve out ... then it's not what they need to see you did a test which draw federal grants for those students mean how are they proposing to punish you ... that is eliminate those programs in it and the problem with that is ... is only addressing the for profit school's current colleges' engine ... and dressing others ... if the goal is to truly address the challenges that we see an IRA education and ... wouldn't want all of the institutions to show you how pretty she is ... if this regulation applies to say the University of Texas ... it's been over fifty percent of their programs will know why ... it's not designed to address the challenges as you said earlier Mary ... is designed to account for profits ... a part of the ... Education Ministry has really been this worse some of the best in the nation's online learning etc ... now are you talking to the Department of Education about this because it's the proposed regulation right now it's not final ... it is a proposed regulation anticipated going fine when the next couple months ... a lot of time talking the administration talking to Congress ... interested groups to try to help them understand the fact again we don't think public policy when it's directed at one part of an industry trying to pick winners and losers ... is growing at the heart of what good public policy or what the ... principles or country ... but as I said most importantly this will deny access to those nontraditional states ... those are the students that need the education knocks ... on big it's really unfortunate where this all out ... it is unfortunate and that congratulations to you for having the nerve to actually stand up and talk about it in public ... Apple CEO Tom upper thank you so much for chewing segment ... Britain has a big big problem Saurabh Amari joins us from London next to explain ... welcome back to Opinion Journal I'm Mary Kissel ... the terrorists who murdered American journalist James Foley had a British accents ... and this isn't the first time that Britain has been linked to terror groups it's going on ... editorial board writer Saurabh Amari joins me from London so on ... but do we know definitively that the man who murdered Mr Foley was a British citizen ... in ... Canada the narrative ... Tennessee and and says ... it slightly and the British government this long Forstmann ... says anything and as you mention ... the unmistakable get away from the is of course that's a British ... British accent so ... at the weekend be ... presented at one hundred percent ... Britain has of has been home to many terrorists in radical and moms ... so I'm I'm remembering that beat the street scene ... were leering he was murdered by ... a two terrorists right in a London street and in really that that the center of the city ... um why is Britain have this problem ... the it's the it's in a useful bull factors but it starts with an excess of tolerance where ... I'm you know you did your stamina to British people on their tolerance for an hour and sometimes goes too far ... I'm so intense that ... you know when when ... young British Muslims here in the mosques I'm there hasn't been enough ... of Louisiana and enough toughness in confronting ... a radical ... jihadi e maths ... as you know ... that's one factor and I think more broadly this is ... a ... European problem and this is just one symptom of it and says ... these ... vast Muslim minority mean these ... bear on assimilated or assimilated ... and have no sense of of of loyalty or attachment ... to cheese that they they decided to just happens to work with a ... drop ... in the social assistance from it's not all British Muslims of European Muslims ... he is the case of too many young ... Muslims ... so I'm in the mood changing in Britain ... or that it is the government of Prime Minister David Cameron ... have they changed their sound think that they're going to take action against these terror groups in Britain ... he's optimistic caverns ... many in the Telegraph ... to me that the rhetoric look was was quite tough ... I see there is a good sense and just being depressed I sense ... omitted a sea change from ... the past eight years old where ... the anti war stance and an hour and a fifty with rack in Afghanistan ... is now just sit there with its my sense of ... ok this is in some ways the product of their society being ... the case for going out into the world and the irresponsibility is not just to our own security ... to impress the world for them to ... get the spectator magazine and noted the irony of a country that brought so much for him to the rest of the world ... is now exporting terror ... editorial page writer Saurabh Amari ... thank you so much for joining us ... thank you ... you can follow us on Twitter or email us at Opinion Journal why that WSJ dot com ... I'm Mary Kissel with The Wall Street Journal editorial board ... thanks for watching ...